Tuesday, October 28, 2014

Vietnamization of the War Against the Car

Citi Bike, New York City’s fledgling bicycle-sharing program, will
get a boost of tens of millions of dollars in coming years to improve
and expand the system, according to a person familiar with the matter.

....The deal would inject about $30 million into NYC Bike
Share, the company that runs Citi Bike, according to the person familiar
with the matter. The funds would improve the system’s technology and
software, whose glitches have been frequent sources of frustration for
users.

Whose money is it? That's the mystery. Who's going to throw good money after bad, just to pay for the parking of the bikes.

NYC
Bike Share, a subsidiary of the Portland, Ore.-based program that runs
New York’s Citi Bike program, is getting a $1 million parking ticket
from the city for using parking spots for some of the program’s 330
docking stations. According to the Wall Street Journal, a provision in
the contract requires that the company pay for the revenue the city is
missing out on by taking up those spaces.

The city says it lost about $1 million in revenue in 2013.
- See more at: http://therealdeal.com/blog/2014/05/27/citi-bike-owes-city-1-million-in-parking-revenue/#sthash.ldktErz9.dpuf

NYC
Bike Share, a subsidiary of the Portland, Ore.-based program that runs
New York’s Citi Bike program, is getting a $1 million parking ticket
from the city for using parking spots for some of the program’s 330
docking stations. According to the Wall Street Journal, a provision in
the contract requires that the company pay for the revenue the city is
missing out on by taking up those spaces.
The city says it lost about $1 million in revenue in 2013.
- See more at: http://therealdeal.com/blog/2014/05/27/citi-bike-owes-city-1-million-in-parking-revenue/#sthash.ldktErz9.dpuf